Stryker Corporation (SYK)

Days of inventory on hand (DOH)

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Inventory turnover		1.71	1.51	1.54	1.51	1.54	1.49	1.58	1.64	1.72	1.69	1.70	1.77	1.85	1.76	1.69	1.58	1.52	1.50	1.50	1.55
DOH	days	213.67	241.30	236.67	241.76	237.59	244.35	231.55	223.00	212.22	216.02	214.41	206.29	197.00	207.90	216.40	231.28	240.90	243.87	243.57	235.23

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 1.71
= 213.67

The days of inventory on hand (DOH) for Stryker Corporation have shown some fluctuations over the reporting periods provided. The DOH indicates the number of days a company takes to sell its average inventory balance. A decreasing trend in DOH is generally considered favorable as it suggests that the company is managing its inventory more efficiently.

From March 31, 2020, to December 31, 2021, Stryker Corporation experienced a declining trend in its DOH, indicating improved inventory management. However, from March 31, 2022, to September 30, 2023, the DOH trend increased, suggesting a potential buildup in inventory levels.

In the last reporting periods from September 30, 2023, to December 31, 2024, there were fluctuations in the DOH figures. The company experienced a notable increase in DOH in March 2024 but then a decrease in June and September 2024. This may indicate changing inventory management strategies or seasonal variations in sales.

Overall, Stryker Corporation's DOH numbers provide insights into the company's inventory management efficiency and its ability to balance inventory levels with sales demand. Further analysis and comparison with industry benchmarks could give a more comprehensive understanding of Stryker's performance in managing its inventory.